JK Tyre to strengthen its footprint in South-East Asia

In a bid to fast track its expansion, JK Tyre & Industries is planning to strengthen its footprint in South-East Asia. Indian tyre companies are tapping the inorganic route to grow beyond domestic shores to capitalise on global growth opportunities. In this regard, the company has also come up with some interesting propositions for possible opportunities of acquisition to catapult into a global entity, after the successful integration of its Mexican subsidiary Tornel into the group.

The company is also going forward with its domestic expansion plans with a capex investment of around Rs 1,000 crore to double its truck & bus radial as well as passenger car radial capacity at the Chennai plant.

JK Tyre & Industries is the flagship company under the umbrella of JK Organization. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity.